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This is a disingenuous argument, if you maintain the same lifestyle that you had earning 50k at 100k you will be able to save far more cash.
Also, the chances of someone earning 80k not having either savings or already being on the property ladder, is more unlikely than them not being able to save 50k no?
mustardbeak-
50% of London families have no savings.
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This is a disingenuous argument, if you maintain the same lifestyle that you had earning 50k at 100k you will be able to save far more cash.
Assuming nothing else changes. I'm in my 40s, I'm lucky enough - in a financial sense - not to have children. But the older we get, the more responsibilities we accumulate.
I'm only talking here about people who need to save up their own deposit from their own wages, which I'll admit is a specific demographic (i.e. it's me). But I'm not being disingenuous. I'm just reporting.
Chalfie
ReekBlefs
His point is valid tho. I earn around the £50k a year mark and I struggled for a £10k deposit. The idea of a £50k one even with double my current money seems really unlikely.